Clothing Answers

Is Saks Fifth Avenue in Chapter 11?

With the sale they have been having throughout this holiday season they are either liquidating because they are going under or trying to get cash on hand to keep up day to day operations until another of the major retailers folds and they can assume a proportion of that companies market share. in the end they willl have to to at least close some of there stores which may go the same for many retailers.
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